360T Non-Spot Volumes Higher as LSEG FX Follows Trend
Posted by Colin Lambert. Last updated: May 16, 2023
There were mixed FX volume reports from 360T and LSEG FX in the past days with the former eking out a small rise in activity and the latter moving more in line with those platforms to previously report by drifting lower in April.
Deutsche Börse says its 360T subsidiary handled EUR 128.1 billion per day in April, a 0.6% increase on March and up 5.6% year-on-year. Using a constant exchange rate, non-spot activity rose by 2.8% for EUR 106 billion, this is also up 7.2% year-on-year. Earlier this month, 360T reported an 11.8% drop in NDF activity on a month-on-month basis and a 12% rise year-on-year, but at $1 billion per day, the bulk of non-spot activity remains in FX swaps.
LSEG FX has also reported data for April and as was the case elsewhere, it saw a decline in spot FX activity across its platforms, average daily volume falling to $96 billion – a 7.7% decline from March and down 5.9% year-on-year.
Non-spot activity across LSEG’s FX platforms also dipped slightly, falling by 1.9% to $363 billion per day. This is the exact same number that the firm reported in April 2022.